Trump vows to investigate EU over fining of US tech companies
President Trump has threatened to launch a trade investigation and impose tariffs on the European Union in retaliation for antitrust fines levied against major US tech companies. This follows his broader announcement of new tariffs on 60 trading partners.
Why it matters
This signals a potential escalation in transatlantic trade tensions and a shift toward aggressive protectionism for American technology firms.
Share Save Add as preferred on Google Kali Hays Technology reporter Reuters US President Donald Trump has taken issue with European regulators in the past. Donald Trump says the US will launch an investigation into the European Union and threatened a fresh tariff over fines handed to some of the biggest American tech companies.
It comes days after the European Commission fined Google €890m ($1bn) for operating in a way that squeezed out competitors to its services.
In a post to Truth Social, which Trump owns, the US president said the EU would pay a "very big price" over how it had treated Google, along with other major US tech companies Apple, Meta, and Amazon, which have also been investigated.
"The United States of America is not a "PIGGYBANK" for Europe, nor will we allow it to be!" he wrote.
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